Show notes
In this episode, Rich talks to procurement professional Mark Coulson talks about important changes in IR35 Interim Worker Space, including the significant tax offset change, and the resulting opportunities for procurement teams. This conversation reveals how these changes can de-risk IR35 by about 75%, leading to material cost savings, providing access to better caliber contractors, and avoiding the need to body shop. Mark further suggests that given these changes, companies need to reconsider the restrictions they have put on engaging contractors, especially since newer technology platforms can ensure compliance across different countries. He also provides insight into the potential savings opportunities and advises procurement leaders to use these changes as a catalyst to reopen the discussion about the company's policy stance on engaging contractors.www.ir35pro.co.ukMark's Course: Click here00:23 Introduction to the Procurement Conversation00:42 Understanding IR35 and its Impact on Procurement01:38 Mark's Journey into IR35 Specialisation02:17 The Challenges and Misunderstandings of IR3503:05 The Financial Implications of IR3503:55 Learning from IR35 Experts and Applying Knowledge04:35 The Market Response to IR35 Changes07:28 The Impact of IR35 on Global Workforce08:19 The Role of Technology in Managing IR3509:28 The Offset Change in IR35 and its Implications12:48 The Future of IR35 and its Impact on Procurement15:26 The Role of Procurement in Navigating IR35 Changes20:07 What should Procurement be doing?22:11 Conclusion: The Importance of Understanding IR35